Grain futures tried to extend last week’s gains Sunday night but the effort largely failed, with markets threatening bearish reversals this morning. A cautious mood in other assets appeared to spill over to agriculture, despite major flooding devastating communities and disrupting movement of grain. Problems could last into April as warmer temperature melt the record snowpack covering the upper Midwest, with rains returning as well.

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Bryce Knorr first joined Farm Futures Magazine in 1987. In addition to analyzing and writing about the commodity markets, he is a former futures introducing broker and is a registered Commodity Trading Advisor. He conducts Farm Futures exclusive surveys on acreage, production and management issues and is one of the analysts regularly contracted by business wire services before major USDA crop reports. Besides the Morning Call on www.FarmFutures.com he writes weekly reviews for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. His other weekly reviews on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.